OnStream CO2 | Cameron Parish CO2 Hub
USA
Greenfield
Overview
Status
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Greenfield
Region
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North America
Geography
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USA
State
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Louisiana
Equity Owner
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OnStream CO2 LLC (Carbonvert/Castex Carbon Solutions JV)
Proponent
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Commonwealth LNG, OnStream CO2 LLC (Carbonvert/Castex Carbon Solutions JV)
Output
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Carbon capture and storage (CCS)
Type of electricty
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Capacity
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Financing
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Technology
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Technical Advisors
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Advisors
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Project Contact
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Castex EVP and CFO Aaron Killian
Lawyers
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Project Cost
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Offtaker
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Commercial Operations Date
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2027
Decommission Date
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FID
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June, 2024
Description
In November 2023, Commonwealth LNG entered into a MoU with OnStream CO2 LLC (Carbonvert/Castex Carbon Solutions JV) for a CCS solution at Commonwealth’s 9.3m tpa LNG facility under development in Cameron, Louisiana.
Under the agreement, OnStream CO2 will design, construct, own, and operate CO2 capture equipment near the Commonwealth LNG site.
The captured CO2 will be permanently sequestered at the Cameron Parish CO2 Hub.
Commonwealth will dedicate CO2 emitted from the LNG facility for a 20-year term.
Castex will serve as the operator for the Cameron Parish CO2 Hub.
Commonwealth LNG anticipates a final investment decision on its LNG project in the first half of 2024, with first cargo deliveries expected in 2027.